US$5bln Saudi investment firm eyes EU, US buys

From Tradearabia.com: Saudi Arabia is exploring opportunities for investments in Europe, Asia and the United States in sectors including technology and auto parts for its new $5.3 billion investment company, its finance minister said.

The company, Sanabil al-Saudia, has not yet started operations but its owner, the state’s Public Investment Fund, is already eyeing possible acquisition targets, Ibrahim al-Assaf told Reuters in an interview in Oman…….Full Article: Source